Elon Musk sells nearly $4 billion of Tesla stock after Twitter acquisition

Elon Musk sells nearly $4 billion of Tesla stock after Twitter acquisition

Elon Musk sold nearly $4 billion in Tesla Inc. TSLA -2.93% stock after buying Twitter Inc. for 44 billion Mr. Musk sold 19.5 million shares in Tesla 4.-8. Nov., according to regulatory disclosures released Tuesday. Tesla’s CEO, who has become the world’s richest person thanks in large part to his stake in the car company, … Read more

Crypto Exchange Binance to Acquire Rival FTX

Crypto Exchange Binance to Acquire Rival FTX

Cryptocurrency exchange FTX, just months removed from looking like a shining survivor in a struggling industry, succumbed to its own sudden liquidity crisis on Tuesday and was taken over by rival Binance. The deal signals a shift in power in the crypto world, which has been decimated by rising interest rates and investors retreating from … Read more

Walgreens unit close to about $9 billion deals in summit health

Walgreens unit close to about $9 billion deals in summit health

A unit of Walgreens Boots Alliance Inc. WBA 3.72% is nearing a deal to combine with a major owner of medical practices and urgent care centers in a transaction valued at about $9 billion including debt, according to people familiar with the matter, the latest in a series of acquisitions by large consumer-focused companies that … Read more

Democrats are developing Elon Musk Derangement Syndrome

Democrats are developing Elon Musk Derangement Syndrome

Liberals have tried to draw parallels between Elon Musk and Donald Trump, perhaps to justify their acquired distaste for the Tesla and the new Twitter boss. But the most important thing the two provocateurs have in common is that they both drive the left wing into hysterical fits. When President Biden warned in a dark … Read more

Elon Musk’s Twitter says layoffs will be announced Friday

Elon Musk’s Twitter says layoffs will be announced Friday

Twitter Inc. has told employees it would notify them of headcount reductions on Friday, a move that comes about a week after billionaire Elon Musk bought the social media company. The company, in a message sent to staff Thursday, did not specify the extent of the cuts. Twitter had more than 7,500 employees at the … Read more

Supply-Chain Tech Provider Project44 Delays Potential Public Offering

Supply-Chain Tech Provider Project44 Delays Potential Public Offering

Supply chain technology provider project44 has postponed plans for a possible public offering amid uncertainty in markets, and is instead turning to more venture capital investments to expand its company’s tracking of goods through global transportation networks. Chicago-based project44, one of a number of supply chain software startups that have drawn billions of dollars in … Read more

J&J Makes $16.6 Billion Bet on Heart Pumps to Boost Medical Device Sales

J&J Makes $16.6 Billion Bet on Heart Pumps to Boost Medical Device Sales

However, the health products company will face challenges in meeting ambitious growth targets for the new business, and ongoing clinical trials are not certain to produce results that will lead to the wider use of Abiomed’s devices that J&J expects, analysts say. J&J’s medical device business, which sells artificial knees and contact lenses, has seen … Read more

The celebrities who are leaving Twitter after Elon Musk’s takeover: See the list

The celebrities who are leaving Twitter after Elon Musk’s takeover: See the list

Now that Elon Musk owns Twitter Inc., a small but growing number of celebrities, actors and artists say they are leaving the social media platform because of fears of what could happen under Mr. Musk’s leadership. These users say they can’t wait to find out what kind of changes Mr. Musk implements. Even before he … Read more

Kroger-Albertsons Merger Draws Questions From Politicians, Workers

Kroger-Albertsons Merger Draws Questions From Politicians, Workers

Elected officials, independent grocers and union groups are expressing concerns and in some cases pushing back on the proposed deal between Kroger co. NOK -1.19% and Albertsons ACI 0.71% Cos. as antitrust officials are set to begin reviewing the supermarket megamerger. Kroger announced in October that it would acquire Albertsons, saying a deal would help … Read more

Wall Street Firm Makes $1.8 Billion Bet on Forest Carbon Offsets

Wall Street Firm Makes $1.8 Billion Bet on Forest Carbon Offsets

PISGAH, Md.—A major player in the credit markets has made one of the biggest U.S. timber purchases in years, making Wall Street’s biggest bet yet on forest carbon markets. The properties spread across 17 eastern states and will be overseen by a unit of environmental marketing firm Anew Climate LLC. Oak Hill joined Anew’s subsidiary … Read more